Fiat Chrysler Chairman Not Worried by GM Lawsuit

FCA said the lawsuit is "meritless."

Fiat Logo Ap 5cfe62fae0712
AP Photo/Gene J. Puskar, File

MILAN (AP) โ€” The chairman of Fiat Chrysler Automobiles in indicating that the merger with French carmaker PSA Peugeot will not be affected by a General Motors lawsuit.

John Elkann told reporters in Turin on Thursday that the Italian American company would fight the lawsuit in court, adding โ€œwe are not worried.โ€

GM has accused Fiat Chrysler in a lawsuit filed at a U.S. district court on Wednesday of bribing union officials to get favorable contract terms from the United Auto Workers Union.

Elkann, speaking ahead of an investor-day event for the Exor investment arm that controls FCA, was quoted by Italian news agency ANSA as saying there would be a memorandum of understanding with PSA by the end of the year, as previously announced.

FCA said the lawsuit is โ€œmeritless.โ€

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